A view of life and commercial real estate from Newark and Licking County, Ohio
Sunday, November 27, 2016
Just hoping those job-stealing.....
.................robots don't learn how to sell real estate anytime soon.
This time it’s different, I hear you cry. Those were just peasants or factory hands: now it’s software developers, accountants and perhaps even lawyers who face obsolescence through automation. Or academics and journalists! People – oh horror! – like us. But if we could lose most of the jobs in farming and manufacturing to automation and still have a record proportion of the population in employment, even while bringing women into the workforce in vastly higher numbers, why should we be unduly alarmed if some white-collar folk now suffer the same fate?
The argument that artificial intelligence will cause mass unemployment is as unpersuasive as the argument that threshing machines, machine tools, dishwashers or computers would cause mass unemployment. These technologies simply free people to do other things and fulfill other needs. And they make people more productive, which increases their ability to buy other forms of labour. “The bogeyman of automation consumes worrying capacity that should be saved for real problems,” scoffed the economist Herbert Simon in the 1960s.